Real estate comparables

[msmemory_archive]

A very funny thing landed in my inbox this evening. A fairly large (2600 sq ft) Garrison Colonial house with 2-car garage, family room with fireplace, 4 BRs, 2.5 BA, central air, deck, large master suite with jacuzzi and walk-in closet, and so forth. In Waltham. And I am proven right: the same house would be on a much smaller piece of land and cost $150K more in Waltham than in Framingham.

Comments

[hfcougar.livejournal.com]

It sounds beautiful, except for the price tag.

$150k is almost an entire house in Minnesota. Or, in some buildings, two condos.

[zachkessin.livejournal.com]

$150k would buy my house and the one next door, of course I live in the middle of no where, in Jerusalem it would not buy much.

[msmemory.livejournal.com]

Yeah, my mother's small Cape in Connecticut didn't sell for that. But in this case it's the *price difference*.